Two more defendants in Daejang-dong corruption case granted bail, all to face trial free

Two key figures in the Daejang-dong development corruption scandal, accountant Jeong Yeong-hak and lawyer Jeong Min-yong, have been released on bail. This decision means all five defendants in the high-profile case will now proceed to trial while remaining free. The Seoul High Court's Criminal Division 6-3 granted the bail requests for Jeong Yeong-hak and Jeong Min-yong on May 7.

Previously, Yoo Dong-gyu, former head of the Seongnam Development Corporation, and Kim Man-bae, the major shareholder of Hwacheon Daeyu Asset Management, along with lawyer Nam Wook, were released on April 30 due to the expiration of their detention periods. These individuals were indicted in 2021 on charges of gaining 788.6 billion won in illicit profits. Prosecutors allege they exchanged internal information from the Seongnam Development Corporation during the project's planning and execution between 2014 and 2015.

The first trial court found them guilty in October last year, sentencing them to prison terms ranging from four to eight years. However, all defendants appealed their sentences. In a subsequent development in November of the same year, the prosecution decided to drop their appeals against these defendants.